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Symphonie Trader System

  • #6,941
  • Edited 3:11am Feb 28, 2012 2:59am | Edited 3:11am
Quoting rivtrader
Yelena,
I regret to inform you that you cannot be a noobie anymore. Your noobie status has been revoked.
may i humbly decline? i have every bad habit of a novice (exiting too soon and not following trading plan, constantly hunts for reversal, trades another when the opportunitiy presents itself). until i can do this consistently for 6 months, i will remain a noob.

Quoting lhDT
Sneak 1.9 preview. Yelena, you will like it
wow, all the work! i cannot even vouch for you right now but i promise once we agree on a "symphonie traders meet up" some where i will give you what is due you. can it scream? and tell us "hey, you! you have an H1 and an M5, what the hell are you waiting for??"

slowly i am appreciating pivots, s&r. but not the way people discussed it here (or anywhere). last night it was so evident. someday i will share it. but i need more pieces of evidence

i just started the parerto project today and it has taken its first 10pips from AJ and my daily running is 13 pips. myfxbook requires that account to be in MT4. i dont want to risk my live trade by launching 2 MT4 instances. the "trades" beta here in FF, can i link the oanda web based account for everyone to see?

please note that in the 2011 simulations, pareto only made 40,000 pips. a human does that in 6 months with more than half of it losing. thanks to jurn_e for her idea.

Quoting realjumper
Hidden bearish divergence on EJ H1 ...... further downside possible....fwiw
that's why my H1 terminal is quiet!
Quoting Marlow Yip
There are almost no bank traders or hedge funds that scalp the market like this.
sir, we dont have such funds - we are retailers so we have to act like one - riding where the big ones go - in when they are in, and out before they even go out. and symphonie allows flawless entries. perfect exits completes the equation.
Quoting fxwall
if we take off autorefresh from template signals 1.7, there is any problem ?
UPDATE: did you take signal long in AJ at 87.04 ?
then manually refresh your terminal every hour or every 5mins, else, your signals will read history rather than repaints. you will likely miss signals.

TP1 was 87.07. EU and AU have reached their TP1's so im sitting it out. waiting for a reversal now.

Quoting Passerby
I miss so many signal and didn't want to enter late.
you can count bars in H1. read PA to allow better judgement whether you can enter a trend or not.
  • #6,942
  • Feb 28, 2012 3:09am Feb 28, 2012 3:09am
Quoting yelena
slowly i am appreciating pivots, s&r. but not the way people discussed it here (or anywhere). last night it was so evident. someday i will share it. but i need more pieces of evidence
So glad that you're keeping your mind open on pivots. Before Symphonie, pivots and stochastics formed the basis of my trading plan, and served me very well......as taught to me by 'acumen'......look that name up here on FF. Now those same skills are complimented by using them inside Symphonie, and pivots are great to aim at when in a trade as possible 'get off' points. But you'll figure out pivots in your own way.....I'm just glad that your mind is open.

Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,943
  • Feb 28, 2012 3:17am Feb 28, 2012 3:17am
Quoting yelena
you can count bars in H1. read PA to allow better judgement whether you can enter a trend or not.
Umm.... I trade on M15, and I usually check H1 before entering the trade. I am considering to switch to H1 and using TP instead to close the trade manually, better starts from demo as the 100 SL on H1 is an attrition for my confidence. I hope I could still trade while contributing less time from now on.
  • #6,944
  • Feb 28, 2012 3:17am Feb 28, 2012 3:17am
TP1 was 87.07 ?!
can you see my chart please, how this is possible?

---
then manually refresh your terminal every hour or every 5mins, else, your signals will read history rather than repaints. you will likely miss signals.

TP1 was 87.07. EU and AU have reached their TP1's so im sitting it out. waiting for a reversal now.

you can count bars in H1. read PA to allow better judgement whether you can enter a trend or not.[/quote]
Attached Image (click to enlarge)
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  • #6,945
  • Feb 28, 2012 3:27am Feb 28, 2012 3:27am
thanks,
but if we take off autorefresh the signals appear in the same way, only left there the old ones, right ?

Quoting lhDT
Autorefresh keeps your signal fresh. I will add an option to disable it on the V1.9
  • #6,946
  • Feb 28, 2012 3:29am Feb 28, 2012 3:29am
Hi Realjumper,

Do you use standard or Fibonacci Pivots, for daily, weekly and monthly?

Thank you!
  • #6,947
  • Feb 28, 2012 3:30am Feb 28, 2012 3:30am
Quoting fxwall
TP1 was 87.07 ?!
can you see my chart please, how this is possible?
that's M5. i manage my trades in H1, taking signals in H1 + M5.

if you are using fxpro (GMT + 2), check the 3am in H1 bar with low of 86.10 (point 1), then point 2 is the entry price of the 1st bull bar above MA5 (that's the 7am bar). bull because we are biased for upside coz its above MA. TP1 ends at that 87.07.. at least around that number.

im a lady
  • #6,948
  • Feb 28, 2012 3:34am Feb 28, 2012 3:34am
A possible head and shoulders setting up on the EUR/JPY, now if it will only close below the daily pivot
Attached Image (click to enlarge)
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Island hopping throughout the Caribbean
  • #6,949
  • Feb 28, 2012 3:35am Feb 28, 2012 3:35am
Sir,
what time in GMT (fxpro is gmt+2), you start trade please?

Quoting yelena
that's M5. i manage my trades in H1, taking signals in H1 + M5.

if you are using fxpro, check the 3am in H1 bar with low of 86.10 (point 1), then point 2 is the entry price of the 1st bull bar above MA5 (that's the 7am bar). bull because we are biased for upside coz its above MA. TP1 ends at that 87.07.. at least around that number.
  • #6,950
  • Feb 28, 2012 3:37am Feb 28, 2012 3:37am
Quoting yelena
yes but filtering what is unnecessary. EJ was in perfect set up to enter when you posted the chart. if you did use the pivots knowledge you could have sweetly bagged 50 pips as TP and and made stoploss at the swing hi. and just slept. it was the most perfect set up!

isnt that what you taught us?

but EJ is an unknown territory at least for me. im staying away from pairs against EU. it spells disaster. that's just me. i just don't know it and this is my only source of income, so i am keen to make calculated risks/exposure.

Yeah....after the long slow climb today, I exited my trade at the DP. As the PA settled on top of the pivot while the stochastic gathered strength, there was, as you say a good 40 pips rise. For me though, once DP was hit it was time to exit the trade and look at the bigger picture, which is when I saw the divergence. The divergence may not play out, but the pips are safe in my pocket so I'm now looking for another high probability set up. The divergence prevents me from viewing EJ longs as 'high probability' at the moment........ the divergence has to either fly or die before I re-enter this pair
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,951
  • Feb 28, 2012 3:42am Feb 28, 2012 3:42am
Quoting dakuki
Hi Realjumper,

Do you use standard or Fibonacci Pivots, for daily, weekly and monthly?

Thank you!
Standard

Edit: I don't worry too much about weekly and monthly pivots
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 398 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,952
  • Feb 28, 2012 3:45am Feb 28, 2012 3:45am
Quoting realjumper
the divergence has to either fly or die before I re-enter this pair
im a fan of the supertrelend line it catches divergence faster than our eyes. just saying. i like clean charts

yeah, dialy pivots are sufficient... weekly/monthly will not do anything significant unless one trades those timeframes.

waiting... waiting...
  • #6,953
  • Feb 28, 2012 3:46am Feb 28, 2012 3:46am
Quoting yelena
im a fan of the supertrelend line it catches divergence faster than our eyes. just saying. i like clean charts

waiting... waiting...
How does the supertrend line catch divergence?
  • #6,954
  • Feb 28, 2012 3:49am Feb 28, 2012 3:49am
Quoting yelena
im a fan of the supertrelend line it catches divergence faster than our eyes. just saying. i like clean charts

yeah, dialy pivots are sufficient... weekly/monthly will not do anything significant unless one trades those timeframes.

waiting... waiting...
My chart is not clean??
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6,955
  • Feb 28, 2012 3:50am Feb 28, 2012 3:50am
Quoting yelena
im a fan of the supertrelend line it catches divergence faster than our eyes. just saying. i like clean charts

yeah, dialy pivots are sufficient... weekly/monthly will not do anything significant unless one trades those timeframes.

waiting... waiting...
Weekly and monthly pivots are good on the 1hr timeframe. For instance, the weekly pivot is at 1.33676 and at what price did EU bounce back up yesterday.
  • #6,956
  • Feb 28, 2012 3:59am Feb 28, 2012 3:59am
Quoting ohammond
How does the supertrend line catch divergence?
when its in bullisgh divergence, its still blue. if a bear appears, it becomes red. but as soon as the bear becomes invalid, it becomes blue again.

same thing with hidden dievergences. behaves the same way even though it was made up of RSI and CCI.

but i dont deploy it as stand alone, i just use the one indicated in the signaler to cut down clutter.
  • #6,957
  • Feb 28, 2012 4:04am Feb 28, 2012 4:04am
Quoting yelena
when its in bullisgh divergence, its still blue. if a bear appears, it becomes red. but as soon as the bear becomes invalid, it becomes blue again.

same thing with hidden dievergences. behaves the same way even though it was made up of RSI and CCI.

but i dont deploy it as stand alone, i just use the one indicated in the signaler to cut down clutter.
Proper divergence shows way way faster than the supertrendline, look at EJ yesterday that RJ showed on the chart, divergence showed up around 8 hours before the down signal happened on the supertrendline.
  • #6,958
  • Feb 28, 2012 4:04am Feb 28, 2012 4:04am
Quoting yelena
im a fan of the supertrelend line it catches divergence faster than our eyes. just saying. i like clean charts

yeah, dialy pivots are sufficient... weekly/monthly will not do anything significant unless one trades those timeframes.

waiting... waiting...
Yelena,
Glad you've found success with this system. Would you mind sharing your entry/exit rules in regards to your 1hr/5min strategy with this system? If I'm not mistaken, you use the same chart set up as RJ. Thank you.
  • #6,959
  • Edited 4:08am Feb 28, 2012 4:07am | Edited 4:08am
Yelena,

So, if I understand your setup criteria, you watch exclusively the H1 until there is a reversal and confirmation of that reversal indicated by the 1st Bull Bar close above the 5 SMA (Yellow line on chart), then you wait for Symphonie 1.7 to signal on the 5 minute chart... is that correct? Or, do you manually draw expansion projections using the point #1 and point #2 you referenced in your explanation above?

[quote=yelena;5425389]that's M5. i manage my trades in H1, taking signals in H1 + M5.

if you are using fxpro (GMT + 2), check the 3am in H1 bar with low of 86.10 (point 1), then point 2 is the entry price of the 1st bull bar above MA5 (that's the 7am bar). bull because we are biased for upside coz its above MA. TP1 ends at that 87.07.. at least around that number.
Attached Image (click to enlarge)
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  • #6,960
  • Feb 28, 2012 4:13am Feb 28, 2012 4:13am
Quoting Marlow Yip
If you even knew a thing about trading you would know that scalping the Forex and making a living doing it is near impossible. There are almost no bank traders or hedge funds that scalp the market like this. They are at least 4hr to daily analyses. Trading is really easy on the long term side. Im stubborn and want to scalp the market, but I know that it doesnt pan out long term. Sorry to burst your fantasy bubble but trading Forex is best on longer time frames. Trading this system and systems like it is my hobbie. Why? Because I have never found...
Some people are suited to the daily charts and others to the M1 chart. If you have most success trading the longer time frames, then you should stick to that. It's not reasonable to expect to switch styles and change your trading style overnight. I imagine it would take a good three to six months to get your head around a new system and timeframe.

I assure you that many people who participate in this thread are making very good consistent profits using this system, or a hybrid of it. I know, because I'm doing it and I'm virtually a newbie.

Regarding the repainting... You do know that most indicators are just variations on moving averages, right? Of course they will repaint as the price changes. Think for two minutes about how they work. They don't know the future, they just show you the past and put it into context. The rest is up to you to apply your trading skills and experience. Spend eight hours a day in front of the M5 chart with this system running for three months (I've just done six months) and I guarantee that you will be reading the indicators almost as easily as you read your car's speedometer.

Can't be bothered investing the time? Then just stick to your longer time frames or maybe try and apply the same rules you use for your long term system to the M15 chart. I think the forex market (at least EURUSD) is almost fractal, so you can use the same price action rules at most scales (M1 doesn't apply!)

Above all, be positive, otherwise you are doomed to fail - at this and most other things.

PB
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